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20110725
20110725
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on counternarcotics efforts in afghanistan. after that, former pakistani president musharraf, then we're live with president obama as he addresses the national conference of the national council of la raza, and later the senate returns at 2 eastern for a period of general speeches follow bed later by debate and votes on judicial nominations. >>> also today on the c-span networks a discussion on the political transition in egypt. you'll hear from a member of the country's supreme council of the armed forces, the group that's been overseeing egypt's transition to democracy since the removal of former president hosni mubarak. he'll discuss the pace of change, the demands of protesters and the role of the military. the forum is hosted by the u.s. institute of peace. it's live at 12:15 eastern on our companion network, c-span3. >>> if you want to be informed about what is happening in the world and particularly in american politics and particularly in the congress, it's not so hard. c-span has a digital online archive that goes back to '79 or -- >> 1987. >> 1987. where you can, basically, watch an
drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of the plan that we've been operating on for a long time. $150 billion for the war is not baseline expenditure of the united states. it was never projected to continue at that level, so hopefully we could bring it below $50 billion. maybe we went get to $50 billion. i don't know. but what is the reasonable estimate? i think the house republicans and the president said it would drop to $50 billion, and that would be the baseline out there for the rest of the time. that's $1 trillion. that's $1 trillion. so you take $1 trillion out of the $2.7 trillion, you're down to $1.7 trillion. and another thing that's scored in that, since that $1 trillion in war costs is scored the way mr. reid scored that, which is ph
the following. you could eliminate all the bush/obama tax cuts. you could pull out of iraq, afghanistan and southwest asia tomorrow. you could end up eliminating all congressional earmarks and you could eliminate all foreign aid which people think is a big number but it's not, that's about 15 to 20% of the problem. the government has grown too big, promised too much, waited too long to restructure. yes, we're going to have to have more revenues as compared to historical levels but we need to go about it in an intelligent way that will make our system fairer, more equitable, more comparative and it will promote job growth and promote innovation. last i think this, on the comeback america initiative, preemptive framework, there's an additional $500 billion for critical investments over the next two years in order to help the economic recovery and to deal with unemployment. nonetheless, the net spending reductions over the next 10 years are over 3 trillion. so, yes, we need to do some things to make sure we recover and get unemployment down but if we don't end up putting our finances in or
Search Results 0 to 2 of about 3